If you dream of tossing away that boring nine-to-five job and venture on to run things on your own, then you’ve probably already considered several small business ideas. While you might be passionate about certain things, making an informed decision on which industry to focus your small business in is quite difficult.
A good way to come up with ideas for a small business is to think about problems occurring within your own life. Think of these problems, whether it’s finding it hard to lose weight, tackling tedious chores around the house, or marketing yourself in an effective way online. Then, think about what can be done as a solution to these problems.
It’s within the solutions to common problems that you can create a lucrative business. Money is always in the solution, not the problem. However, you must think of both to determine the right course of action to take when designing a business plan.
If you’re still finding it hard to think of the right small business idea to use as a jumping-off point to spark your own unique ideas, then we can help. We’ve constructed a few examples of some lucrative business ideas of 2020 that can help you discover your passions and dreams for running a small business.
If you are skilled in fixing things around the house, whether it’s fixing appliances, plumbing, or working out electrical issues, then you could have a future in household handyman services. Everyone needs a handyman that’s both reliable and affordable. So, why not be the man to handle the job?
All you have to do is put together a website, establish a pricing model that accurately reflects upon your skillset and worth, and start asking friends and family for referrals. Household handyman services can be very lucrative if you work hard on getting your name out there.
Investing in local SEO efforts will also help tremendously can someone near you searches for “handyman near me” in their web browser. If you give it your all and make the right moves, then you could own a successful handyman business in your own neighborhood.
Nowadays, most people need that extra push to get in shape effectively. Without the right motivation, people simply won’t do what they need to do to stay fit. However, personal fitness trainers help to give us that extra boost of confidence, motivation, and empowerment that we need to trudge through.
If you’re passionate about fitness, then you could do very well as a personal fitness trainer. You could offer in-home consultations, personalized exercise regimens, nutrition plans, and community boot camps. Make sure to market yourself online, especially on your website and social media.
Post pictures, videos, inspirational quotes, and healthy foods on Instagram, Facebook, and Snapchat to stand by your brand and get your name out there. Who knows? You could become the next fitness mogul!
Florida is known for its lush landscapes, tropical beaches, and vast floral plantations. Maintaining this vegetation takes a lot of time and effort that most homeowners can’t do on their own. So, the best way to keep up with the growth of these beautiful plants and flowers is to hire a professional landscaping company.
If you have a green thumb and are looking to put some more “green” in your pocket, then perhaps landscaping is the right choice for you! Whether it’s mowing lawns, tree-trimming, or seasonal decor, there is always a demand for landscaping. You’ll need to acquire the right equipment and tools, a truck to get from point A to point B, a website, and some business cards or flyers.
If you work hard to establish your brand and get your business name out there to multiple territories, then you could find yourself running the biggest landscaping company in the tri-state area.
4.House Cleaning Service
Sometimes, it’s difficult to find the time to clean your home. When you neglect your home’s cleanliness and order, things can pile up, making it too overwhelming to tackle the task of cleaning.
If you’re not afraid of getting your hands dirty, then you could pursue a self-started business as a house cleaner. And, you could even grow your business to the point of needing to hire outside help. Consider advertising to homes in your neighborhood and nearby businesses that need nighttime cleaning services.
5.Freelance Content Writer
Having an occupation as a “writer” doesn’t necessarily mean that you need to write a novel or magazine article. Everything is online nowadays, which means that there is an increased demand for professional content writers. Lots of websites are in dire need of freelance content writers to illustrate their business in creative ways.
If you have a talent for storytelling, then you could venture into the copywriting industry. Create a website and portfolio of your past work, always adding and creating new content to make your portfolio stand out. Content writing is a rather competitive business, so it’s important to showcase yourself as a writer who is both diverse and reliable.
Write blog posts, articles, social media content, press releases, newsletters, and website copy that can help small businesses everywhere shine brightly online. Make sure that you have your top 10 favorite sample pieces ready for when you need to showcase your work to attract new business. Also, take the initiative to brush up on your content marketing expertise so that you can expand upon your craft.
The fast-food industry is one of the most lucrative industries known to man. So, why not capitalize on this booming business? You could gather enough money to buy a truck and turn it into a restaurant on wheels! People love food trucks, and research shows that food trucks are quickly becoming one of the most favored fast-food trends available.
After you have your food truck, make sure to decorate it so that it stands out. Establish your brand and your menu, with set price items that people can afford. Build a following by marketing your food truck online through your website and social media. You can even post where you’re going to park your truck on social media so that your customers can come to you!
Property management could be a great home-based business where all that is required of you is to maintain the property where you’re staying. If you live outside of the property where you’re managing, then no problem!
As a property manager, it’s your job to serve as a liaison to renters, while also handling small fixes throughout the property and keeping it safe from intruders or vandals. Take good care of the property and make money while you do it!
Many business owners hire outside consultants to help them with a specific project. They do this because it can be super helpful to gather extra input from someone who has significant experience and knowledge about that particular subject.
So, if you’re an expert at hiring practices, you have a talent for SEO, or you’re an excellent team leader of big company projects, then you may have a bright future as a consultant.
9.Freelance Graphic Designer
Where there’s a blank web page, there’s a demand for a freelance graphic designer. You can set your own hours, choose which projects to take on, and build an expansive portfolio to showcase to clients. You can design websites, logos, and different graphics that can make websites pop.
Many companies seek out talented and experienced graphic designers to make their website stand out above competitors. If you have a passion for graphic design, then you could create a very lucrative graphic design business right from home!
There are business owners out there who work from home, busy house moms who juggle a million things at once, and people who are in dire need of organization in their life. If you’re someone who is organized and is highly detailed, then the life of a personal assistant might be right for you.
A great perk of being a personal assistant is that you don’t necessarily need to be tied down to an office space. You can go to other people’s homes, or even consider becoming a virtual assistant, which allows you to work in a more flexible environment online.
The Bottom Line
Whatever business opportunity that you pursue as your own, it’s important to know that you can’t just create a business out of thin air. You must have a plan and a strategy. Develop a business model and plan out your moves accordingly.
The most successful businesses have a well-established business plan, so it’s crucial that you create a plan that best fits your business sector. When establishing your website, make sure that you don’t skimp out on the details. You need high-quality content, website design, and web development to attract customers.
Stay true to your passions and make smart financial decisions. Work hard and don’t get lazy. Stay motivated to make a name for yourself and you’ll find the success that you’ve always dreamed of.
So, if you’ve finished reading this article and didn’t find anything that jumped out at you, then brainstorm some great ideas for a new business. Only you can outline your future, so make it a lucrative one!